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T. Rowe Price Group Inc Stock Research

TROW

103.30USD-2.65(-2.50%)Market Closed
Watchlist

Market Summary

USD103.30-2.65
Market Closed
-2.50%

TROW Alerts

  • 1 major insider sales recently.
  • Big jump in Earnings (Y/Y)

TROW Stock Price

TROW RSI Chart

TROW Valuation

TROW Price/Sales (Trailing)

TROW Profitability

EBT Margin

30.65%

Return on Equity

15.6%

Return on Assets

11.61%

TROW Fundamentals

TROW Revenue

Revenue (TTM)

6.3B

Revenue Y/Y

6.42%

Revenue Q/Q

4.72%

TROW Earnings

Earnings (TTM)

1.5B

Earnings Y/Y

40.28%

Earnings Q/Q

13.02%

Price Action

52 Week Range

93.53134.64
(Low)(High)

Last 7 days

-6.6%

Last 30 days

-5.8%

Last 90 days

-6.5%

Trailing 12 Months

-3.9%

TROW Financial Health

TROW Investor Care

Dividend Yield

4.69%

Dividend/Share (TTM)

4.84

Diluted EPS (TTM)

6.71

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for TROW

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-15
Nelson Joshua B
gifted
-
-
-400
vice president
2023-09-15
Nelson Joshua B
acquired
303
110
2.736
vice president
2023-09-01
Higginbotham Robert C.T.
sold
-3,378
112
-30.00
vice president
2023-09-01
Higginbotham Robert C.T.
acquired
19,355
93.7011
206
vice president
2023-08-30
Thomson Andrew Justin Mackenzie
sold
-1,338,410
111
-11,969
vice president
2023-08-30
Thomson Andrew Justin Mackenzie
acquired
828,407
69.2127
11,969
vice president
2023-08-28
Jackson Stephon A.
sold (taxes)
-291,871
110
-2,644
vice president
2023-08-28
Jackson Stephon A.
acquired
252,003
69.2127
3,641
vice president
2023-08-28
Jackson Stephon A.
acquired
25,562
112
226
vice president
2023-08-01
Smith Cynthia F
acquired
-
-
2,478
-

1–10 of 50

Which funds bought or sold TROW recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-21
Baystate Wealth Management LLC
added
0.81
46.00
13,938
-%
2023-09-21
Jefferies Group LLC
new
-
2,501,020
2,501,020
0.02%
2023-09-20
BARCLAYS PLC
added
95.06
30,719,000
63,562,000
0.04%
2023-09-12
Farther Finance Advisors, LLC
added
15.57
14,360
112,244
0.03%
2023-09-08
TUCKER ASSET MANAGEMENT LLC
unchanged
-
-31.00
3,953
-%
2023-09-07
ST GERMAIN D J CO INC
new
-
2,894,040
2,894,040
0.15%
2023-09-01
Portside Wealth Group, LLC
new
-
580,934
580,934
0.11%
2023-08-28
BASSETT HARGROVE INVESTMENT COUNSEL, LLC
added
0.91
-4,000
849,000
1.59%
2023-08-25
STRATEGY ASSET MANAGERS LLC
added
6.14
11,733
232,369
0.05%
2023-08-24
Alberta Investment Management Corp
unchanged
-
-5,016
638,514
0.01%

1–10 of 48

Latest Funds Activity

Are funds buying TROW calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own TROW
No. of Funds

Schedule 13G FIlings of T Rowe Price Group

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 10, 2023
state street corp
6.69%
14,949,873
SC 13G/A
Feb 09, 2023
vanguard group inc
12.40%
27,714,213
SC 13G/A
Feb 07, 2023
blackrock inc.
8.2%
18,399,873
SC 13G/A
Feb 14, 2022
state street corp
5.40%
12,126,661
SC 13G/A
Feb 03, 2022
blackrock inc.
8.4%
18,809,279
SC 13G/A
Feb 11, 2021
state street corp
5.06%
11,462,942
SC 13G
Feb 10, 2021
vanguard group inc
8.71%
19,720,005
SC 13G/A
Feb 01, 2021
blackrock inc.
7.9%
17,971,561
SC 13G/A
Feb 14, 2020
state street corp
5.6%
13,093,054
SC 13G
Feb 12, 2020
vanguard group inc
8.86%
20,717,039
SC 13G/A

Recent SEC filings of T Rowe Price Group

View All Filings
Date Filed Form Type Document
Sep 18, 2023
4
Insider Trading
Sep 05, 2023
4
Insider Trading
Aug 31, 2023
4
Insider Trading
Aug 30, 2023
144
Notice of Insider Sale Intent
Aug 29, 2023
4
Insider Trading
Aug 03, 2023
3
Insider Trading
Aug 03, 2023
4
Insider Trading
Aug 03, 2023
8-K
Current Report
Aug 02, 2023
S-8
Employee Benefits Plan
Aug 02, 2023
4
Insider Trading

Peers (Alternatives to T Rowe Price Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
71.7B
5.4B
-1.67% 15.34%
24.08
13.17
39.96% 1.84%
60.0B
9.6B
-7.40% 17.08%
35.57
6.27
1.00% -49.94%
23.6B
6.1B
-9.01% -15.18%
21.34
3.86
3.28% -2.99%
16.5B
3.9B
3.11% 35.01%
25.27
4.23
6.88% 207.99%
-
6.3B
-5.83% -3.89%
-
-
-14.15% -36.16%
MID-CAP
8.9B
4.8B
-6.82% 35.22%
3.7
1.87
226.24% 90.31%
8.0B
1.9B
-1.79% 18.10%
19.92
4.22
-8.00% -31.66%
6.5B
4.8B
-5.32% 13.04%
10.51
1.34
2.69% -21.37%
2.0B
60.6B
-0.92% 17.12%
8.21
0.03
-1.46% 48.12%
SMALL-CAP
1.7B
1.9B
8.85% 32.11%
239.3
0.92
0.08% -93.14%
1.6B
2.2B
-9.33% -23.28%
8.35
0.74
-14.47% -57.71%
1.1B
1.5B
0.39% 32.10%
14.3
0.71
-27.22% -74.14%
792.0M
23.7M
-1.37% 1.86%
43.3
33.48
51.04% 152.07%
411.5M
1.2B
-2.42% 17.03%
12.8
0.33
4.38% -66.00%
742.8M
313.5M
- -
14.66
2.47
0.19% 735.99%

T Rowe Price Group News

MarketWatch
T. Rowe Price Group Inc. stock underperforms Tuesday when compared to competitors.
MarketWatch,
11 hours ago
Stockhouse Publishing
PR Newswire
Marketscreener.com

Returns for TROW

Cumulative Returns on TROW

6.5%


10-Year Cumulative Returns

9.4%


7-Year Cumulative Returns

1.2%


5-Year Cumulative Returns

-4.2%


3-Year Cumulative Returns

Risks for TROW

What is the probability of a big loss on TROW?

73.1%


Probability that T Rowe Price Group stock will be more than 20% underwater in next one year

42.3%


Probability that T Rowe Price Group stock will be more than 30% underwater in next one year.

14.2%


Probability that T Rowe Price Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does TROW drawdown profile look like?

Y-axis is the maximum loss one would have experienced if T Rowe Price Group was unfortunately bought at previous high price.

Drawdowns

Financials for T Rowe Price Group

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.6%6,2606,1636,4886,9267,2927,7087,6727,4437,0856,5716,2075,9435,7735,7535,6185,4545,4225,3725,3735,3655,209
Operating Expenses5.6%4,4154,1834,1153,9433,8874,0143,9623,8403,7493,6393,4613,3723,2733,1923,2313,1053,0923,0623,0113,0152,951
EBITDA-100.0%-1,8891,9482,6933,1793,8884,1934,4274,3634,0313,2422,8472,6282,3992,927------
EBITDA Margin-100.0%-0.31*0.30*0.39*1.22*0.50*0.55*0.59*0.62*0.61*0.52*0.48*0.46*0.42*0.52*------
Earnings Before Taxes13.3%2,1401,8891,9482,4722,9653,6783,9954,2284,1644,0313,2422,8472,6282,3992,9272,5672,6312,5202,3852,6272,478
EBT Margin-100.0%-0.31*0.30*0.36*1.14*0.48*0.52*0.57*0.59*0.61*0.52*0.48*0.46*0.42*0.52*------
Net Income9.7%1,5481,4121,5582,0332,4252,9013,0833,1262,9922,7792,3732,1352,0371,9622,1311,9381,9751,8961,8381,8331,641
Net Income Margin-100.0%-0.23*0.24*0.29*0.93*0.38*0.40*0.42*0.42*0.42*0.38*0.36*0.35*0.34*0.38*------
Free Cashflow-100.0%-1,5242,1222,6183,1373,3263,2132,8551,8491,8991,7041,7281,9991,5291,318------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets3.8%12,62112,15711,64311,99311,76912,34812,50911,45111,27910,76410,65910,1359,4778,6379,3309,3988,9128,4597,6898,5317,882
    Cash Equivalents7.4%2,2502,0941,7562,3662,1872,0851,6243,5103,5712,9142,2572,3062,1831,6801,8582,2941,9131,7341,4952,1961,484
  Net PPE1.2%771762756753747736736719717704695682685675674679672667661657655
  Goodwill0%2,6432,6432,6432,6522,6522,6442,693666666666666666666666666666666666666666666
Liabilities4.2%2,1702,0831,9562,2982,0312,2312,2552,1022,5061,7431,3901,6661,6371,2321,1071,4551,3211,2618251,2101,028
Shareholder's Equity0.3%9,2649,2408,8408,9089,1739,3279,2718,2627,8938,0087,7077,1296,7516,4347,1026,8406,5796,3116,1246,4616,115
  Additional Paid-In Capital3.7%521502438499655668920655674655655655655655655655655655655655655
Shares Outstanding---------------235--236238243243
Minority Interest4.0%202194191207209272249--------------
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-12.9%1,5391,7682,3592,8563,3773,5613,4523,0932,0802,1261,9191,9392,2151,7321,5231,6341,6391,6781,6201,3631,020
  Share Based Compensation-1.0%278281285294284281275248249245246235228221207198197195197177169
Cashflow From Investing-47.6%-151-102-41.50-1,225-1,129-1,063-1,09874.00-33.00-94.70-36.30-300-293-263-324-12139.00-389-875-866-1,042
Cashflow From Financing19.7%-1,265-1,577-2,076-2,714-3,627-3,325-2,988-1,958-667-801-1,486-1,629-1,642-1,519-832-1,399-1,352-1,303-1,239-2729.00
  Dividend Payments0.3%1,1141,1101,1071,0801,7531,7291,7021,664925883846819792765734722713704694665631
  Buy Backs-28.3%3975548501,3891,3831,2251,1395624865861,2021,3051,3361,3587061,1151,0671,0401,090554439

TROW Income Statement

2023-06-30
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues    
Net revenues$ 1,610.2$ 1,513.0$ 3,147.8$ 3,376.0
Operating expenses    
Compensation and related costs648.2463.41,301.71,045.0
Distribution and servicing67.875.7139.3161.6
Advertising and promotion22.921.448.744.8
Product and recordkeeping related costs77.776.3149.8156.7
Technology, occupancy, and facility costs154.7134.3301.3268.2
General, administrative, and other100.096.4207.5195.2
Change in fair value of contingent consideration(23.2)(50.3)(72.8)(95.8)
Acquisition-related amortization28.627.254.654.3
Total operating expenses1,076.7844.42,130.11,830.0
Net operating income533.5668.61,017.71,546.0
Non-operating income (loss)    
Net gains (losses) on investments89.1(169.9)183.0(259.8)
Net gains (losses) on consolidated investment products24.4(104.6)69.8(206.0)
Other losses(7.3)(5.4)(11.2)(12.6)
Total non-operating income (loss)106.2(279.9)241.6(478.4)
Income before income taxes639.7388.71,259.31,067.6
Provision for income taxes158.5100.9336.4265.4
Net income481.2287.8922.9802.2
Less: net income (loss) attributable to redeemable non-controlling interests4.8(51.8)25.0(105.3)
Net income attributable to T. Rowe Price Group$ 476.4$ 339.6$ 897.9$ 907.5
Earnings per share on common stock of T. Rowe Price Group    
Basic (in dollars per share)$ 2.07$ 1.47$ 3.90$ 3.90
Diluted (in dollars per share)$ 2.06$ 1.46$ 3.89$ 3.88
Investment advisory fees    
Revenues    
Net revenues$ 1,430.8$ 1,496.7$ 2,822.6$ 3,158.8
Capital allocation-based income    
Revenues    
Net revenues38.7(126.3)55.6(81.9)
Administrative, distribution, and servicing fees    
Revenues    
Net revenues$ 140.7$ 142.6$ 269.6$ 299.1

TROW Balance Sheet

2023-06-30
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
ASSETS  
Cash and cash equivalents$ 2,249.7$ 1,755.6
Accounts receivable and accrued revenue761.4748.7
Investments2,718.42,539.2
Assets of consolidated sponsored investment products ($1,707.3 million at June 30, 2023 and $1,375.6 million at December 31, 2022, related to variable interest entities)1,946.11,603.4
Operating lease assets261.6279.4
Property, equipment and software, net771.2755.7
Intangible assets, net577.4629.8
Goodwill2,642.82,642.8
Other assets692.8688.7
Total assets12,621.411,643.3
LIABILITIES  
Accounts payable and accrued expenses381.3406.7
Liabilities of consolidated sponsored investment products ($47.2 million at June 30, 2023 and $39.1 million at December 31, 2022, related to variable interest entities)71.789.1
Operating lease liabilities323.4329.6
Accrued compensation and related costs511.2228.0
Supplemental savings plan liability817.3761.2
Contingent consideration liability23.095.8
Income taxes payable42.446.0
Total liabilities2,170.31,956.4
Commitments and contingent liabilities
Redeemable non-controlling interests985.2656.7
STOCKHOLDERS’ EQUITY  
Preferred stock, undesignated, $.20 par value – authorized and unissued 20,000,000 shares0.00.0
Common stock, $.20 par value—authorized 750,000,000; issued 224,281,000 shares at June 30, 2023 and 224,310,000 at December 31, 202244.844.9
Additional capital in excess of par value520.6437.9
Retained earnings8,746.28,409.7
Accumulated other comprehensive loss(47.8)(53.0)
Total stockholders’ equity attributable to T. Rowe Price Group, Inc.9,263.88,839.5
Non-controlling interests in consolidated entities202.1190.7
Total stockholders’ equity9,465.99,030.2
Total liabilities, redeemable non-controlling interests, and stockholders’ equity$ 12,621.4$ 11,643.3
Robert W. Sharps
7530
T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. It employs fundamental and quantitative analysis with a bottom-up approach. The firm utilizes in-house and external research to make its investments. It employs socially responsible investing with a focus on environmental, social, and governance issues. It makes investment in late-stage venture capital transactions and usually invests between $3 million and $5 million. The firm was previously known as T. Rowe Group, Inc. and T. Rowe Price Associates, Inc. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland, with additional offices in Colorado Springs, Colorado; Owings Mills, Maryland; San Francisco, California; New York, New York; Philadelphia, Pennsylvania; Tampa, Florida; Toronto, Ontario; Hellerup, Denmark; Amsterdam, The Netherlands; Luxembourg, Grand Duchy of Luxembourg; Zurich, Switzerland; Dubai, United Arab Emirates; London, United Kingdom; Sydney, New South Wales; Hong Kong; Tokyo, Japan; Singapore; Frankfurt, Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, and Amsterdam, Netherlands.